Northern Star Resources (NST) Stock Overview
Engages in the exploration, development, mining, and processing of gold deposits. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
NST Community Fair Values
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Analyst Price Targets
Top Community Narratives
AU$22
FV
9.6% undervalued intrinsic discount11.81%
Revenue growth p.a.
444
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Northern Star Resources Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$19.88 |
| 52 Week High | AU$31.96 |
| 52 Week Low | AU$15.30 |
| Beta | 1.39 |
| 1 Month Change | -4.38% |
| 3 Month Change | -26.32% |
| 1 Year Change | -5.15% |
| 3 Year Change | 48.91% |
| 5 Year Change | 72.87% |
| Change since IPO | 8,936.40% |
Recent News & Updates
Narrative Update • Jun 02
NST: Future Upside Seen From Leadership Transition And Ongoing Project Delivery
Analysts have made a small downward adjustment to Northern Star Resources' price target to A$27.38, reflecting updated assumptions for revenue growth, profit margins, discount rate and future P/E. These revisions keep their overall valuation view broadly steady.Narrative Update • May 16
NST: Higher Long Term Gold Pricing Will Support Future Upside
Analysts have lifted Northern Star Resources' price target by A$5 to A$35, citing updated long term commodity price forecasts for gold and other metals that feed into their valuation models. Analyst Commentary Recent research points to updated long term commodity price forecasts feeding directly into Northern Star Resources' valuation, with the price target lifted to A$35 from A$30.Recent updates
Narrative Update • Jun 02
NST: Future Upside Seen From Leadership Transition And Ongoing Project Delivery
Analysts have made a small downward adjustment to Northern Star Resources' price target to A$27.38, reflecting updated assumptions for revenue growth, profit margins, discount rate and future P/E. These revisions keep their overall valuation view broadly steady.Narrative Update • May 16
NST: Higher Long Term Gold Pricing Will Support Future Upside
Analysts have lifted Northern Star Resources' price target by A$5 to A$35, citing updated long term commodity price forecasts for gold and other metals that feed into their valuation models. Analyst Commentary Recent research points to updated long term commodity price forecasts feeding directly into Northern Star Resources' valuation, with the price target lifted to A$35 from A$30.Narrative Update • Apr 30
NST: Higher Long Term Gold Pricing And Buyback Plan Will Support Upside
Analysts have lifted their price target on Northern Star Resources to A$35 from A$30, citing refreshed commodity price assumptions and updated views on revenue growth, margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher A$35 price target as a reflection of refreshed commodity price assumptions for gold and other key inputs, which feeds directly into higher modeled earnings and P/E support.
Narrative Update • Apr 16
NST: Higher Commodity Price Deck Is Expected To Support Future Upside
Northern Star Resources' analyst price target has shifted from A$24.70 to A$35.00, with analysts linking the change to updated long term commodity price forecasts that have fed through to refreshed targets across Australian metals and mining names. Analyst Commentary Recent research shows bullish analysts lifting their price target on Northern Star Resources to A$35.00, with the change linked to updated long term commodity price assumptions across copper, aluminum, PLV met coal, Newcastle thermal coal and gold.Narrative Update • Apr 02
NST: Higher Long Term Gold Pricing Is Expected To Support Upside
Analysts lifted their price target for Northern Star Resources to A$35 from A$30, citing updated long-term commodity price assumptions for gold and other metals as the main reason for the change. Analyst Commentary Recent research points to revised long term commodity price assumptions for gold and other metals as a key driver behind the higher A$35 price target for Northern Star Resources, compared with the prior A$30 level.Narrative Update • Mar 19
NST: Higher Gold Assumptions And 2026 Output Outlook Will Support Upside Potential
Analysts now see Northern Star Resources' fair value at A$28.10, down from A$30.96. The shift reflects updated commodity price assumptions that also fed into a higher Street price target of A$35.00, supported by revised long term forecasts for gold and other key metals.Narrative Update • Mar 05
NST: Updated Commodity Outlook And 2026 Guidance Will Shape Balanced Future Prospects
Analysts have raised their price target for Northern Star Resources to A$35 from A$30, citing updated commodity price assumptions and a lower projected future P/E multiple as key drivers of the higher fair value estimate, now at about A$30.96. Analyst Commentary Bullish Takeaways Bullish analysts see the higher A$35 price target as aligned with refreshed commodity assumptions, which lift their fair value range for the shares relative to the prior A$30 level.
Narrative Update • Feb 18
NST: Higher Commodity Assumptions Will Likely Sustain Overvaluation Risk For Shares
Narrative update on Northern Star Resources Analysts have lifted their price target on Northern Star Resources to A$35 from A$30, citing updated long term commodity price assumptions for gold and other metals, a slightly higher discount rate, modestly lower revenue growth and margin forecasts, and a lower assumed future P/E multiple that together support a refreshed fair value estimate of about A$18.33. Analyst Commentary The latest target price revision to A$35 follows changes to long term assumptions for several commodities, including gold.Narrative Update • Feb 04
NST: Softer Production Guidance Will Likely Pressure Returns Despite Higher Profit Assumptions
Analysts have lifted their fair value estimate for Northern Star Resources from A$17.43 to A$17.92, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple as key drivers of the change. What's in the News Northern Star Resources updated its production guidance for fiscal 2026, now targeting 1,600 to 1,700 koz of annual output, compared with the previous range of 1,700 to 1,850 koz (Company guidance).Narrative Update • Jan 21
NST: Softer Production Guidance Will Likely Undermine Elevated Gold Price Optimism
Analysts have lifted their price target for Northern Star Resources to A$17.43 from A$17.06 as they incorporate updated assumptions for revenue growth of 14.50%, profit margins of 23.84% and a future P/E of 16.64x. What's in the News Northern Star Resources revised its production guidance for fiscal 2026, now targeting 1,600 to 1,700 koz of output, compared with the previous range of 1,700 to 1,850 koz (Key Developments).Narrative Update • Jan 07
NST: Revised 2026 Production Outlook Will Support Stronger Long Term Appeal
Analysts have lifted their price target on Northern Star Resources by about A$0.87. This reflects updated views on fair value, discount rate, revenue growth assumptions and profit margin expectations, alongside a slightly lower future P/E multiple.Analysis Article • Dec 29
Northern Star Resources (ASX:NST) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Narrative Update • Dec 16
NST: Elevated Gold Price Optimism Will Likely Fade Against Cost Pressures
Analysts have lifted their price target on Northern Star Resources, raising fair value from about A$13.56 to A$17.06, citing higher gold price assumptions, stronger expected revenue growth, and improving profit margins, despite a modest increase in the discount rate and slightly lower future P E expectations. Analyst Commentary Recent Street research has highlighted a more constructive stance from some global banks, including a higher A$22 price target from JPMorgan, reflecting upgraded gold price assumptions.Narrative Update • Dec 02
NST: Higher Gold Prices And Stake Sale Will Guide Future Performance
Northern Star Resources' analyst price target has increased from A$18 to A$22, as analysts cite improved gold prices along with stronger expected margins and growth. Analyst Commentary Analysts have provided updated perspectives on Northern Star Resources in light of recent market developments.Narrative Update • Nov 18
NST: Gold Price Momentum And Stake Sale Will Shape Performance Ahead
Narrative Update on Northern Star Resources The analyst price target for Northern Star Resources has been raised from A$18 to A$22, reflecting analysts' expectations of stronger growth prospects, supported by higher gold prices. Analyst Commentary Recent street research highlights a range of perspectives on Northern Star Resources following the increase in its price target.Analysis Article • Nov 11
Northern Star Resources Limited's (ASX:NST) CEO Looks Like They Deserve Their Pay Packet
Key Insights Northern Star Resources to hold its Annual General Meeting on 18th of November Total pay for CEO Stuart...Narrative Update • Nov 01
NST: Gold Price Strength And Stake Sale Will Shape Earnings Outlook
Analysts have raised their price target for Northern Star Resources by A$4 to A$22. This reflects increased confidence in the company’s fair value amid forecasts of stronger gold prices and improved financial performance.Narrative Update • Oct 18
Fimiston And Hemi Projects Will Secure Future Gold Value
Northern Star Resources' analyst price target has risen significantly from A$22.83 to A$25.11. Analysts cite expectations of stronger gold prices and improved operating metrics.
New Narrative • Oct 15
Finding Value When There’s None Left: A Case for Northern Star (NST)
Finding genuine value in the current market is becoming increasingly difficult. Stock indices are at or near all-time highs.Narrative Update • Oct 04
Fimiston And Hemi Projects Will Secure Future Gold Value
Northern Star Resources’ analyst price target has been raised from A$20.29 to A$22.83. Analysts cited higher projected gold prices and improved profit margins as reasons for revising their expectations upward.Analysis Article • Sep 24
Optimistic Investors Push Northern Star Resources Limited (ASX:NST) Shares Up 28% But Growth Is Lacking
Northern Star Resources Limited ( ASX:NST ) shareholders would be excited to see that the share price has had a great...Narrative Update • Sep 19
Fimiston And Hemi Projects Will Secure Future Gold Value
Despite disappointing near-term updates, a weaker FY26 outlook, and increased risks at the KCGM project, analysts have modestly raised Northern Star Resources’ fair value, increasing the consensus price target from A$19.96 to A$20.29. Analyst Commentary FY26 outlook was worse than anticipated, prompting a re-evaluation of future earnings potential.Narrative Update • Sep 04
Fimiston And Hemi Projects Will Secure Future Gold Value
Despite a modest increase in the consensus Analyst Price Target to A$19.96, JPMorgan downgraded Northern Star Resources due to higher-than-expected operational and financial risks in the FY26 outlook, particularly regarding the KCGM asset. Analyst Commentary JPMorgan reduced its rating and price target following a disappointing pre-quarterly update and worse-than-expected FY26 guidance from Northern Star Resources.Analysis Article • Aug 27
Impressive Earnings May Not Tell The Whole Story For Northern Star Resources (ASX:NST)
Northern Star Resources Limited ( ASX:NST ) announced strong profits, but the stock was stagnant. We did some digging...Analysis Article • Jun 17
Is Northern Star Resources (ASX:NST) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Narrative • Nov 12
Gold Rush Expansion Fuels Profitable Growth Amid Challenging Landscape
Strategic production expansion and infrastructure development may enhance capacity and efficiency, potentially boosting margins and earnings.Shareholder Returns
| NST | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 5.7% | 2.4% | 1.1% |
| 1Y | -5.2% | 56.3% | 1.2% |
Return vs Industry: NST underperformed the Australian Metals and Mining industry which returned 56.3% over the past year.
Return vs Market: NST underperformed the Australian Market which returned 1.2% over the past year.
Price Volatility
| NST volatility | |
|---|---|
| NST Average Weekly Movement | 10.4% |
| Metals and Mining Industry Average Movement | 12.1% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in AU Market | 17.2% |
| 10% least volatile stocks in AU Market | 4.1% |
Stable Share Price: NST has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: NST's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2000 | n/a | Stuart Tonkin | www.nsrltd.com |
Northern Star Resources Limited engages in the exploration, development, mining, and processing of gold deposits. The company also sells refined gold. It operates in Western Australia, the Northern Territory, and Alaska.
Northern Star Resources Limited Fundamentals Summary
| NST fundamental statistics | |
|---|---|
| Market cap | AU$29.14b |
| Earnings (TTM) | AU$1.55b |
| Revenue (TTM) | AU$6.96b |
18.4x
P/E Ratio4.1x
P/S RatioIs NST overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NST income statement (TTM) | |
|---|---|
| Revenue | AU$6.96b |
| Cost of Revenue | AU$4.33b |
| Gross Profit | AU$2.63b |
| Other Expenses | AU$1.09b |
| Earnings | AU$1.55b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.08 |
| Gross Margin | 37.84% |
| Net Profit Margin | 22.24% |
| Debt/Equity Ratio | 5.8% |
How did NST perform over the long term?
See historical performance and comparisonDividends
3.0%
Current Dividend Yield47%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/05 14:31 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Northern Star Resources Limited is covered by 28 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dale Koenders | Barrenjoey Markets Pty Limited |
| Daniel Morgan | Barrenjoey Markets Pty Limited |
| Regan Burrows | Bell Potter |